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8 September 2021 | 1 reply
I think it’s more about your tenant demographics that determine turnover.
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10 September 2021 | 4 replies
I would say before you determine this is a "good deal" or "bad deal" you need to understand how much it would take to bring the property up to market rents.
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15 September 2021 | 16 replies
Your goals are admirable and obtainable with effort and determination, you know, similar effort & determination you took to get educated to be a nurse and get your job.
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11 September 2021 | 3 replies
Once you have the figures locked in I'm sure you'll be able to determine the best course of action.
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14 September 2021 | 22 replies
I do not believe you need a 1% property (1% rule) to have positive cash flow as there are many variables that determine if a property has positive cash flow, but I do believe it is a very rare market that has cash flow at investor LTV (at least 75% LTV) noticeably below a 0.7% ratio.Now for this ADU: $290K for $1.8K rent (on my calculations I will always use the more conservative of values) is a ratio of 0.62% (far below my 0.7% ratio that I indicated it would be a rare market to have positive cash flow).
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10 September 2021 | 2 replies
Depending on how long you will keep the property will determine if the cost to buy down the rate will make sense.
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13 September 2021 | 29 replies
Standard procedure is to post your state-specific notice of lease violation, and then perform a follow up inspection at the expiration of said notice, to determine if the violation is cured.
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12 September 2021 | 25 replies
@Joe MartellaThe plumber was not able to determine what clogged the drain.
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11 September 2021 | 0 replies
When purchasing multi for wholesale, how much do I determine how much for wholesale fee?
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12 September 2021 | 10 replies
If you notified them of a rent increase six months in advance, you’ve given them a LOT of time to figure out things on their end, i.e. determine if it’s worth it for them to stay or move on.